2118 Glen Ivy Drive
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 6, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| Jun 25, 2025 | Listed by Redfin Corporation | $1,295,000 | |
| Listed by Redfin Corporation | |||
| Jun 17, 2025 | Price Decreased |
$1,449,500
↓ $150K
(9.4%) | |
| Price Decreased | |||
| Jun 5, 2025 | Listed | $1,599,000 | |
| Listed | |||
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Nestled in the heart of the picturesque Glenoaks Canyon, this enchanting Spanish-style residence blends timeless character with a touch of modern charm. With 3 bedrooms, 2 bathrooms, and 1,638 sq ft of living space on a generous 6,141 sq ft lot, this home offers an inviting and serene retreat just minutes from city life.
Enter inside to find a warm, light-filled living and dining area with an intuitive layout, showcasing elegant arched windows that frame stunning hillside views. A beautiful fireplace serves as the cozy centerpiece, adding both ambiance and style.
The sun-drenched eat-in kitchen embraces the home’s vintage charm while offering a peaceful setting to cook and gather, with lovely windows that open to the natural beauty beyond.
The private, flat backyard is a rare gem in the canyon, offering breathtaking views alongside grassy space perfect for entertaining, gardening, or simply unwinding. The detached garage, while compact, holds potential for transformation into an artist’s studio, reading nook, or creative workspace.
Additionally, a semi-finished basement provides bonus flexible space—ideal for a sound studio, home office, or relaxing den—not included in the main square footage.
There's also potential for future expansion in the backyard: consider an ADU, outdoor kitchen, or lush garden beds to further enhance this private outdoor haven.
Ideally located just minutes from Glenoaks Elementary, hiking and walking trails, freeways, local dining, shopping, and the Chevy Chase Country Club, this is a rare opportunity to reimagine a classic home in a truly special neighborhood.
Don’t miss your chance to make this unique Glenoaks Canyon property your personal sanctuary.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017